What is the Atwell Suites Equipment Lessee required to do if there is a change in location of the Equipment?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Equipment Lessee will promptly notify Company of all details arising out of any change in location of the Equipment, any alleged encumbrances thereon or any accident allegedly resulting from the use or operation thereof.
- or any accident allegedly resulting from the use or operation thereof.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites's 2025 Franchise Disclosure Document, the Equipment Lessee is required to promptly notify the Coca-Cola Company (referred to as "Company" in this context) of all details related to any change in the equipment's location. This notification requirement is part of the broader agreement concerning the use, inspection, and potential encumbrances or accidents involving the equipment.
This requirement ensures that the Coca-Cola Company is kept informed about the whereabouts of its equipment, which is essential for inventory tracking, maintenance, and ensuring compliance with the terms of the equipment lease. The prompt notification allows the company to update its records and take any necessary actions to protect its assets.
For a prospective Atwell Suites franchisee, this means that if the equipment is moved for any reason, such as relocation within the hotel or to a different storage area, they must immediately inform the Coca-Cola Company. Failure to do so could potentially lead to a breach of the equipment lease agreement, resulting in penalties or other legal consequences. This requirement underscores the importance of maintaining open communication with the equipment provider and adhering to the terms of the lease agreement.